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Nov 27, 2012
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the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the
the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being...
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Nov 23, 2012
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. >>> plus, fiscal cliff diving. the countdown to the new year is counting down to economic disaster. what will it take to reach a compromise and pull the country back from the edge before january 1st. >>> the holiday season kicking into gear. we'll take you all around the country. meantime, relative calm between israel and gaza following the cease fire did not last very long. today a clash at the poirder left one palestinian dead and 15 wounded. as usual, we are hearing two different versions of this cease fire version. we have two reporters there. aman, i'll begin with you. what are they saying about the glash at the gaza border today? >> they're saying that the palestinians, 300 of them approached the israel/gaza border on the palestinian side of it. they went there to access their farm land. that area is considered mostly essentially farm land for those families. a lot of people earn their livelihoods from there. they were going there to protest and demand that they have the right to go as far up to the border as
. >>> plus, fiscal cliff diving. the countdown to the new year is counting down to economic disaster. what will it take to reach a compromise and pull the country back from the edge before january 1st. >>> the holiday season kicking into gear. we'll take you all around the country. meantime, relative calm between israel and gaza following the cease fire did not last very long. today a clash at the poirder left one palestinian dead and 15 wounded. as usual, we are hearing two...
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Nov 28, 2012
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he has ceos, lots of fiscal cliff stuff. joy's christmas shopping and was looking at best buy for the latest smartphone. you wanna see if walmart has the same phone, for less? let's see! samsung galaxy s3 --- you could save over $50. no way! and -- you get a $100 gift card. are you serious?! yes! see for yourself how much you can save on the smartphones you want for christmas. walmart. but when i was in an accident... see for yourself how much you can save on the smartphones i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> i learned the value of a dollar working in my dad's store and running my own small business. i know we can pay down the debt while protecting social security and medicare. >> we need firm footing by reforming our tax cod
he has ceos, lots of fiscal cliff stuff. joy's christmas shopping and was looking at best buy for the latest smartphone. you wanna see if walmart has the same phone, for less? let's see! samsung galaxy s3 --- you could save over $50. no way! and -- you get a $100 gift card. are you serious?! yes! see for yourself how much you can save on the smartphones you want for christmas. walmart. but when i was in an accident... see for yourself how much you can save on the smartphones i was worried the...
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Nov 26, 2012
11/12
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walmart. ♪ >>> holiday cheer and fiscal cliff fears. the white house releases a new report on christmas shopping and budget negotiations. it's monday, november 26th, and this is "now." alex wagner will be back tomorrow. joining me today from politico, ben white, assistant managing editor of "time" magazine, ronna, jody can tor of "the new york times" and the good professor himself, michael eric dyson. after a record-setting holiday weekend, consumers are expected to spend a lot of cash on what retailers call cyber monday. americans will spend $1.5 billion online today, a 20% bump from lastea
walmart. ♪ >>> holiday cheer and fiscal cliff fears. the white house releases a new report on christmas shopping and budget negotiations. it's monday, november 26th, and this is "now." alex wagner will be back tomorrow. joining me today from politico, ben white, assistant managing editor of "time" magazine, ronna, jody can tor of "the new york times" and the good professor himself, michael eric dyson. after a record-setting holiday weekend, consumers are...
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Nov 25, 2012
11/12
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can you gather what is talked about regarding the fiscal cliff? >> for what mary was saying, it really seemed like revenue was going to be a part of it. they are trying to stick from to the $250,000 threshold of the tax cuts. that is different from what happened in the 2010 lame-duck, when president obama compromised. it seems the approach is different this time. they're not going to cave on revenue. the republicans will really have to make some concessions on revenue in order for democrats to come to the table with any entitlement cuts at all. >> i thought she was very good at sticking to that talking point of prevent -- revenue and remaining firm. at the same time, i thought it was interesting that she never said the president assured us that ultimately he will not make these changes in entitlements. we talked about the cpi concept that was in the talks last year which cut social security benefits. we do not know ultimately what the president will do. he does not report to us. my sense is that they're kind of the bracing themselves for something
can you gather what is talked about regarding the fiscal cliff? >> for what mary was saying, it really seemed like revenue was going to be a part of it. they are trying to stick from to the $250,000 threshold of the tax cuts. that is different from what happened in the 2010 lame-duck, when president obama compromised. it seems the approach is different this time. they're not going to cave on revenue. the republicans will really have to make some concessions on revenue in order for...
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Nov 27, 2012
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we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u
we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the...
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Nov 29, 2012
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ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting reces
ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market...
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Nov 29, 2012
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so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. ♪ now, that's cardworthy. [ man ] all right. here we go. ♪ cardworthy. [ camera shutter clicks ] cardworthy. ♪ so not cardworthy. ♪ [ female announcer ] go to shutterfly.com for all your cardworthy moments and now get up to 40% off. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind john boehner's plan with this clip from the town. >> i need your help. i can't tell you what it is. you can never ask me about it later. we are going to hurt some people. >> whose car are we going to take? >> i
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. ♪ now, that's cardworthy. [ man ] all right. here we go. ♪ cardworthy. [ camera shutter clicks ] cardworthy. ♪ so not cardworthy. ♪ [ female announcer ] go to shutterfly.com for all your cardworthy...
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Nov 21, 2012
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that's how long we have to get this fiscal cliff situation. are democrats going to hold their spine and stand up to republicans on this? there's a lot of anxiety on the left about this. >> i think there is. while i think the president, if he could get it, would like to have a big deal before christmas. i think it's doubtful it will happen. i think the john boehner op-ed shows you why. boehner is still guarding his right flank. everything he does, he's still trying to give gimmes to the republican base. we can say all we want -- the republican operatives want to change the party. but the base of the party is still there. they still exist. the tea party base. not only are they still there, 87 are still in the lame duck congress. you see boehner regarding his speakership into december. i would say we get past december 31st, get to january 3rd, reorganize the congress and then they make a deal. >> let's hope that's right. thank you for joining us. have a great thanksgiving. >> you, too. >>> next, the presidential pardon. stay with us. >> now, i jo
that's how long we have to get this fiscal cliff situation. are democrats going to hold their spine and stand up to republicans on this? there's a lot of anxiety on the left about this. >> i think there is. while i think the president, if he could get it, would like to have a big deal before christmas. i think it's doubtful it will happen. i think the john boehner op-ed shows you why. boehner is still guarding his right flank. everything he does, he's still trying to give gimmes to the...
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Nov 28, 2012
11/12
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we have heard a lot about the fiscal cliff. i mean you're probably sick of hearing that term fiscal cliff, debt ceiling, tax increases. got a lot of us worried that we're at the mercy of a feckless congress behaving more like stubborn kids than responsible lawmakers. wait. we did promise you a dream off the top of the show. imagine for a moment what it would be like if none of this fiscal cliff nonsense mattered the least bit to you. no debts. no family budgets. and a half billion dollars worth of powerball dreams. that is the jackpot, folks. the powerball jackpot. it just so happens to take millions of us buying up tickets to fatten up that jackpot to that big old size. alison kosic is at a 7-eleven in new york basically meeting a few of the wanna-be one percenters. the truth of the matter, what are the odds? >> reporter: i know. i hate to throw cold water on your whole dream statement that you gave. yes this is all about dreams but you know the odds of winning are really low. 175 million to 1. those are your odds. you know wh
we have heard a lot about the fiscal cliff. i mean you're probably sick of hearing that term fiscal cliff, debt ceiling, tax increases. got a lot of us worried that we're at the mercy of a feckless congress behaving more like stubborn kids than responsible lawmakers. wait. we did promise you a dream off the top of the show. imagine for a moment what it would be like if none of this fiscal cliff nonsense mattered the least bit to you. no debts. no family budgets. and a half billion dollars worth...
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Nov 29, 2012
11/12
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from going over the fiscal cliff. our next guest says, there is a lot of tough talk and little action. former republican senator george lemieux of florida joins me now. thank you for coming on the show. we read your op-ed in the "wall street journal" and dow we have to talk about this. i know you have written a lot of fraud, but i want to start with this idea that there is some discussion of getting medicare reform into the fiscal cliff talks. do you think anyone is serious about that? >> well, there needs to be. medicare is the largest growth in expenditure in the federal budget. if we don't reform the way that we pay of medicare it's going to be one of the things that breaks the bank and makes us unable to meet our obligations, so we absolutely have to reform it. the legislation that i wrote back in 2010 that we passed a bipartisan support and signed by the president went after something that everything to everybody is against. gerri: let's get to that in the second. i just want to spend one more second of this idea
from going over the fiscal cliff. our next guest says, there is a lot of tough talk and little action. former republican senator george lemieux of florida joins me now. thank you for coming on the show. we read your op-ed in the "wall street journal" and dow we have to talk about this. i know you have written a lot of fraud, but i want to start with this idea that there is some discussion of getting medicare reform into the fiscal cliff talks. do you think anyone is serious about...
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let's talk about the fiscal cliff negotiations. what negotiations? what's happening behind the scenes? >> first of all, i just heard what mr. mcconnell said. and i just left the president. one of the things that he said to us, he said, don't pack up your bags. in other words, he's determined to get this deal done and get it done before the end of the year. the fact is, the president is very much engaged but he also understands that one of the things he's got to do is get a balanced package done. he's got to have revenue and he's also got to have some very targeted cuts. so -- and he also is trying to get across the point that republicans and democrats agree that those folks making less than $250,000, their tax cuts should be extended. so, again, we've got a situation now where the republicans can stand on the sideline or they can adhere to what the public has said in this election. they want us to get the deal done and move forward. at least we can get done what we already agree on. >> would you agree, auwould you and other house democrats agree in s
let's talk about the fiscal cliff negotiations. what negotiations? what's happening behind the scenes? >> first of all, i just heard what mr. mcconnell said. and i just left the president. one of the things that he said to us, he said, don't pack up your bags. in other words, he's determined to get this deal done and get it done before the end of the year. the fact is, the president is very much engaged but he also understands that one of the things he's got to do is get a balanced...
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Nov 26, 2012
11/12
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morning is about the fiscal cliff, it is getting very, very close. no meeting planned for this week between the president and congress, and that may be the negative which pushes the dow down. we're off and running. the opening trend is to the down side and just around 13,000, that's how we came out of the thanksgiving holiday and now it's at 12,990, down 20, 30, nearly 40 points in the the very early going and that's the way we expected it and as you know, it's cyber monday and on-line sales today expect today hit 1 1/2 billion dollars, maybe more. and nicole, let's look at the biggest on-line retailer of them all, amazon, where is it? >> that's right, a pure play on-line retailer and that's amazon, that's the winner today and it has an up arrow and we obviously saw the weekend kicking off with shopping for the thanksgiving holiday sales and 59 billion, black friday, jn line sales over 1 billion and when you talk about on-line retailers and versus brick and mortar stores, on-line retailers have done so much better. up this year, more than double the
morning is about the fiscal cliff, it is getting very, very close. no meeting planned for this week between the president and congress, and that may be the negative which pushes the dow down. we're off and running. the opening trend is to the down side and just around 13,000, that's how we came out of the thanksgiving holiday and now it's at 12,990, down 20, 30, nearly 40 points in the the very early going and that's the way we expected it and as you know, it's cyber monday and on-line sales...
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Nov 27, 2012
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do you believe a deal can and will be reached before this fiscal cliff? >> i do believe a deal can be reached, and the basisser that agreemenbase basis of that agreement has to be revenues and cuts. we've done a trillion dollars in cuts as part of the control act. the president has additional cuts. he's got more healthcare cuts than simpson-bowles proposed. he doesn't do it by transferring -- martha: that deal did not go through. do you expect the president will sit down with leadership this week to discuss this and take a leadership role in this fight? >> the president is taking a leadership role in this fight. i think people need to sit down as they have looked for ways to find progress. as you know the president already had the congressional leaders to the white house a little while back. people are pursuing different ideas right now to try to make -- to try and prevent us from going over the fiscal cliff, and the president has laid out a very clear map, road map for how we do that. martha: all right we walked right up to it in the grand bargain and th
do you believe a deal can and will be reached before this fiscal cliff? >> i do believe a deal can be reached, and the basisser that agreemenbase basis of that agreement has to be revenues and cuts. we've done a trillion dollars in cuts as part of the control act. the president has additional cuts. he's got more healthcare cuts than simpson-bowles proposed. he doesn't do it by transferring -- martha: that deal did not go through. do you expect the president will sit down with leadership...
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Nov 25, 2012
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congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the government needs to find new ways to take in more money and now the fight is centered on where to get it from. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come
congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the...
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Nov 28, 2012
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megyn: fox news alert new fallout from the fiscal cliff talks. the white house facing tough questions about what's really on the table when it comes to a big deal with republicans. i'm megyn kelly. we detailed the report last hour from an influential political blogger how some union reps and progressive groups held a private meeting with white house senior officials yesterday. these groups were told not to worry about entitlement reforms or big budget cuts as part of this deal. ed henry asked the white house, are federal spending cuts part of this package or not? >> when asked about pressuring democrats you said he vowed to do that in the future. >> he has done it in the past and he will do it in the future. he committed every time he talks about this to a balanced approach that includes -- revenues, spending cuts and savings through entitlement reforms. megyn: ed henry joins us now fresh from the exchange with mr. carney. what happened there? >> reporter: it's a big story that's developing. all along there has been an assumption on both sides th
megyn: fox news alert new fallout from the fiscal cliff talks. the white house facing tough questions about what's really on the table when it comes to a big deal with republicans. i'm megyn kelly. we detailed the report last hour from an influential political blogger how some union reps and progressive groups held a private meeting with white house senior officials yesterday. these groups were told not to worry about entitlement reforms or big budget cuts as part of this deal. ed henry asked...
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if a fiscal cliff deal is to be done by the end of the year. why nbc's first read team says it's more of a struggle to get the new class of house republicans to sign on to higher tax raits for the wealthy. we'll break down that 218 for you. plus, chris christie speaking of another number. he gets his highest approval rating for a new jersey governor in the history of the quinnipiac poll. we have show you christie's lucky number. it's one of the things we thought you should know. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov
if a fiscal cliff deal is to be done by the end of the year. why nbc's first read team says it's more of a struggle to get the new class of house republicans to sign on to higher tax raits for the wealthy. we'll break down that 218 for you. plus, chris christie speaking of another number. he gets his highest approval rating for a new jersey governor in the history of the quinnipiac poll. we have show you christie's lucky number. it's one of the things we thought you should know. my doctor told...
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Nov 29, 2012
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and obviously the fiscal cliff. we'll talk to two men on opposite sides of this, the executive director of stop gambling. i'm going to start with you, terry rich, you obviously run one of the big lotteries in america. you obviously heard what dave said, they don't like it, a tax on the poor, and really it should just be cancelled. >> you know, as he said that, i would just add one word, it is opti optional revenue, people don't have to play. and as lotteries work across the country under great leadership of the governor and legislature, who wouldn't allow, as you say, preying on the poor, it is important that we continue to talk about the lottery. that it is not an investment. i absolutely agree with that. this is a chance to have some entertainment. and in this tough economic times to dream just a little bit. so anybody who is spending too much, we'll say don't play. we don't want you to play, get help, you know somebody who is doing that. every lottery has a website and an address with how to get help. this is dis
and obviously the fiscal cliff. we'll talk to two men on opposite sides of this, the executive director of stop gambling. i'm going to start with you, terry rich, you obviously run one of the big lotteries in america. you obviously heard what dave said, they don't like it, a tax on the poor, and really it should just be cancelled. >> you know, as he said that, i would just add one word, it is opti optional revenue, people don't have to play. and as lotteries work across the country under...
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Nov 26, 2012
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so we in california just over the weekend, we were both the fiscal cliff? they said the fiscal blitz? i said it is kind of like a fiscal blitz. >> it does not mean the stock market itself isn't going to react negatively to any deal that comes out with continued problems in europe. david: despite the fact that you are a bull, you only have 8% of your funds in u.s. stocks. why? >> the picture is better from a fundamental standpoint. you hear so many headlines of what is going on in europe and greece. almost generational lows. a lot of the risk is already been taken out.pensive markets in the world. not but 20 or 30% maybe 4%, 5% of u.s. you have to look elsewhere. liz: what are the three areas you like most? speaker in the u.s. overweight financials foreign. we're getting higher exposure to a lot of european countries. some emerging countries outside of europe, thailand turkey, that has had a particularly good momentum. a phenomenal run many index was up 15, 20, 30%. you have the perfect environment for them with high yield environment and they should do very
so we in california just over the weekend, we were both the fiscal cliff? they said the fiscal blitz? i said it is kind of like a fiscal blitz. >> it does not mean the stock market itself isn't going to react negatively to any deal that comes out with continued problems in europe. david: despite the fact that you are a bull, you only have 8% of your funds in u.s. stocks. why? >> the picture is better from a fundamental standpoint. you hear so many headlines of what is going on in...
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Nov 28, 2012
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we could be going off the fiscal cliff, some people think that could be just a small fire. my point is, you don't know that. it may -- you might be right, it might be a small fire. it could be the spark that says even the biggest economy in the world can't govern its own country any longer when it comes to debt. what hope is there? and then who knows where it goes. >> now, your proposal, the group of you, says you can't cut your way out, we can't tax our way out, we can't grow our way out. it's basically pointing to that pie chart that shows that it all has to be a combination of all three measures. >> correct. >> for it to be a $4 trillion deal that you think is credible, you and other ceos, does this have to be something that -- it's obviously not going to get passed by december 31st, but it has to be something with triggers with credible enforcement mechanisms going forward. is that a fair read? >> correct. i would say the first thing is to avoid the fiscal cliff and i include the debt ceiling as part of that definition. the second piece of it is to put in place a $4 tri
we could be going off the fiscal cliff, some people think that could be just a small fire. my point is, you don't know that. it may -- you might be right, it might be a small fire. it could be the spark that says even the biggest economy in the world can't govern its own country any longer when it comes to debt. what hope is there? and then who knows where it goes. >> now, your proposal, the group of you, says you can't cut your way out, we can't tax our way out, we can't grow our way...
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Nov 27, 2012
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we look at the fiscal cliff or as steve calls it the fiscal slope or the fiscal fiesta and of course the fiscal follies. we'll install our own special graphic later this week. it's our new style of play and our next guest might want to be a pair here as he writes about it every day until the situation is resolved. sounds riveting. in the guest spot today is dan gross, the columnist and global business editor for "newsweek" daily beast who says in his latest piece republicans still haven't recognized the new reality. dan, you may be right. i don't know. i guess we'll see. if republicans do agree to raise taxes, do you think that democrats will agree to any health care entitlement reform? which is the harder sell? >> no, i don't think so. that's why i'm so pessimistic or actually so optimistic about going over this fiscal cliff. usually when i threaten to write about something every day until it is resolved, it gets resolved quickly. we'll see in this case. >> that's power. >> the election kind of ratified the stance. which is the bush tax cuts should expire for those making over a cer
we look at the fiscal cliff or as steve calls it the fiscal slope or the fiscal fiesta and of course the fiscal follies. we'll install our own special graphic later this week. it's our new style of play and our next guest might want to be a pair here as he writes about it every day until the situation is resolved. sounds riveting. in the guest spot today is dan gross, the columnist and global business editor for "newsweek" daily beast who says in his latest piece republicans still...
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Nov 28, 2012
11/12
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focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated suppor teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information y want when you need it. it's anothereason more invtors are saying... [ all ] i'm with scottrade. well, having a ton of locations don't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announr ] break from the holiday stress. fedex office. ♪ gerri: president obama's says he is confident a deal on the fiscal cliff can be reached by christmas. both sides seem so far off. even among senate democrats, there are deep divisions over whether to include cuts to medicare or medicaid. intel not reform, should it be part of the fiscal cliff talks? here is wh
focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated suppor teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information y want when you need it. it's anothereason more invtors are saying... [ all ]...
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Nov 21, 2012
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>>eric: we talk about fiscal cliff a lot. it is on america's mind, worried about the tax structure, are people pulling back because of what may happen in january? >>guest: people are looking for bargains. in the toy business what we see is good times and bad and the last time parents cut back is holiday present for kid so ever during the negative times in the fall of 2008 and 2009, our sales grew around the world. >>imus: are you worried about the fiscal cliff on a corporate legal? >>guest: they will solve it. that is my bet. the broader economic picture remains, but i am comfort with the business. >>eric: have you held back until we find out if we go off the fiscal cliff? >>guest: we cannot slight the business for another purpose so we hired 45,000 seasonal employees more than last year. >>eric: the president saved the lives of these turkeys so why is peta so upset. the answer will have you saying "i degree -- i beg your pardon." . is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou
>>eric: we talk about fiscal cliff a lot. it is on america's mind, worried about the tax structure, are people pulling back because of what may happen in january? >>guest: people are looking for bargains. in the toy business what we see is good times and bad and the last time parents cut back is holiday present for kid so ever during the negative times in the fall of 2008 and 2009, our sales grew around the world. >>imus: are you worried about the fiscal cliff on a corporate...
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Nov 22, 2012
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you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a testament to how this economy is. and how much we have created the entitlement mentality that everyone feels they should that they should be on food stamps. when you look at the costs, within about two years, texas at the federal level are going to go just to pay for entitlement programs that have no money left over to pay for all of the other programs of the government. and i find it very suspicious and interesting as you do that here we have been talking about this for the last couple of weeks and nobody is talking about reforming these things. >> here is the thing. my idea is let them out there. you have a couple of years to do damage control.
you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a testament to how this economy is. and how much we have created the entitlement mentality that everyone...
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Nov 26, 2012
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talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fine
talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that...
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Nov 26, 2012
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they're expressing optimism about the prospect of reaching a deal to avoid the fiscal cliff but cbs reporter danielle hotting ham said they're also sounding some alarms. >> reporter: the senate returns today with just five weeks left to hammer out a deal to avoid the fiscal cliff. republican senator bob corker says lawmakers need to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side and on the entitlement side, and while there are two parties, they are willing to solve this problem, this is a very easy thing to do technically. >> reporter: republicans are hinting they may be open to a compromise that raises revenue but many are still firm they won't let bush-era tax cuts expire for the wealthiest americans. >> i would be very much opposed to raising tax rates but i do believe we can close a lot of loop holes. >> reporter: democrats say just closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues,
they're expressing optimism about the prospect of reaching a deal to avoid the fiscal cliff but cbs reporter danielle hotting ham said they're also sounding some alarms. >> reporter: the senate returns today with just five weeks left to hammer out a deal to avoid the fiscal cliff. republican senator bob corker says lawmakers need to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side...
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Nov 27, 2012
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of what people are calling the fiscal cliff. is the fiscal cliff cutting spending? the sequester? i don't think it leads to economic harm to cut spending. that's what we should be doing. the other half of the fiscal cliff is taxes will go up. i don't want them to go up. if you raise taxes on the top 1%, that's 50% of the nation's fiscal income. if you don't think raising taxes in a recession is a good idea, why would it be a good idea to raise them on anyone? >> greta: so do you think going off the fiscal cliff would necessarily be a bad thing? >> it would be a bad thing to raise taxes. it doesn't make sense to me. i don't accept that cutting spending is bad for the economy. i think cutting federal spending, which means less borrowing up here, is go for the economy, but i do think taxes going up is a bad thing for the economy. i agree with half of the equation of the fiscal cliff, but i don't agree if taxes going up is bad for the economy why would we only want half of the taxes to go up? >> greta: that's like the reverse of the
of what people are calling the fiscal cliff. is the fiscal cliff cutting spending? the sequester? i don't think it leads to economic harm to cut spending. that's what we should be doing. the other half of the fiscal cliff is taxes will go up. i don't want them to go up. if you raise taxes on the top 1%, that's 50% of the nation's fiscal income. if you don't think raising taxes in a recession is a good idea, why would it be a good idea to raise them on anyone? >> greta: so do you think...
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Nov 28, 2012
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will the fiscal cliff be on the agenda? >>> and what will president obama say when he speaks live next hour at the white house? we'll be flanked by middle-class families whose wallets could be impacted if congress fails to reach a deal. ♪ [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop there. we'll cover 100% of your preventive services... like an annual physical and immunizations... and you'll have the flexibility to
will the fiscal cliff be on the agenda? >>> and what will president obama say when he speaks live next hour at the white house? we'll be flanked by middle-class families whose wallets could be impacted if congress fails to reach a deal. ♪ [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today...
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Nov 28, 2012
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but first, the fiscal cliff battle here that landed in your lap today. president obama, even wants you to tweet about it. the president went full court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress' facebook wall, do what it takes to communicate a sense of urgency. i'll sign this bill as soon as congress sends it my way. i got to repeat, i've got a pen. i'm ready to sign it. so -- >> the president wants republicans to first agree to keep the middle class tax cuts, and then he wants to move on and tackle the rest of the fiscal cliff problems. do not count on groundswell of republican support. in fact, one republican, congressman tom cob, proposed a similar idea and conservative republicans shot him down. we'll get to that here in a moment. quite a moment today. also p
but first, the fiscal cliff battle here that landed in your lap today. president obama, even wants you to tweet about it. the president went full court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress'...
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Nov 26, 2012
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on this monday are this signs of a compromise as we head for the fiscal cliff? senator lindsay graham, one of the latest high-profile republicans that says he will break the longstanding pledge regarding taxes and says he will do it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". mo
on this monday are this signs of a compromise as we head for the fiscal cliff? senator lindsay graham, one of the latest high-profile republicans that says he will break the longstanding pledge regarding taxes and says he will do it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this....
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Nov 29, 2012
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a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales,
a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck...
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Nov 27, 2012
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goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in terms of what we've seen in this market. look how excited he is. and they finally got it done. it's been one as you pointed out that was around in 2011. they couldn't get it done. that is conagra. they walked away. ralcorp stock price fell dramatically. they split the post cereal division from ralcorp. the two trade separately. so you did have a company here that perhaps became a little more -- i wouldn't say vulnerable. not as if they were committed to selling. the board composition changed. you have had activist shareholder get on t
goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in...
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Nov 26, 2012
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cheryl: time for our fiscal cliff survival kit series. we will bring you the tools you need to prepare for the changes that could be ahead. joining us now, we have the philips, spectrum managing principal. and portfolio manager. i want to start with you because you are telling your clients to reduce stocks exposure. >> yes, as we work toward the end of the year the fiscal cliff what is congress and the president going to do? taxes are going up. you look at the spending problem, you let taxes go back to people making over $250,000 per year. much of its revenue, still leaving it short of closing the deficit by close to a trillion dollars. it is all about tax rates. cheryl: it is about tax rates, but you're telling your clients stay focused, stay balanced in your portfolio, don't make any big changes but you also said in the last four months while a toady is in the market and also the gdp will shrink no matter what happens in washington with the fiscal cliff. >> i don't think we will have gdp, not part of our assessment. we see a very signif
cheryl: time for our fiscal cliff survival kit series. we will bring you the tools you need to prepare for the changes that could be ahead. joining us now, we have the philips, spectrum managing principal. and portfolio manager. i want to start with you because you are telling your clients to reduce stocks exposure. >> yes, as we work toward the end of the year the fiscal cliff what is congress and the president going to do? taxes are going up. you look at the spending problem, you let...
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Nov 27, 2012
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it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>> speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to
it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned...
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Nov 29, 2012
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but for the rest of us, it is another day facing the fiscal cliff. negotiators are going to talk about specific proposaals for both sides to avoid that fiscal cliff. tracy pots joins us from washington with all the details. good morning to you. >> good morning, everyone. a number of high level but individual meetings scheduled here today on capitol hill with really just a handful of lawmakers who could have a big impact on your paycheck. tim giter in and rob neighbors bring the deficit cutting plan to capitol hill today. >> reporter: negotiators are meeting with boehner and top democrats. they heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in the negotiations like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful. it wouldn't put me anywhere near optimistic. >> reporter: one conservative is suggesting that while negotiations continue, congress should stop tax rates going up on the middle class now. >> we're not going to
but for the rest of us, it is another day facing the fiscal cliff. negotiators are going to talk about specific proposaals for both sides to avoid that fiscal cliff. tracy pots joins us from washington with all the details. good morning to you. >> good morning, everyone. a number of high level but individual meetings scheduled here today on capitol hill with really just a handful of lawmakers who could have a big impact on your paycheck. tim giter in and rob neighbors bring the deficit...
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Nov 25, 2012
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. >>> and here at home it's time to work on the fiscal cliff. can both sides strike a bargain before everyone's tacks go up. we'll cover that with our headliners. senators dick durbin and lindsey graham. plus our powerhouse roundtable. matthew dowd, joe klein, ruth marcus, david sanger of "the new york times" and peggy noonan of "the wall street journal." >>> then ben affleck. >> you saw your parents killed? >> with war breaking out in congo, he's here live on what can be done to stop the fighting. >>> and -- >> i'm jonathan karl, i'm going to show you how this clipper will bring bipartisanship to washington. >>> hello, again. you just saw one small step for bipartisanship, is there more to come in washington? congress is back to work this week. top priority, a deal to block those automatic spending cuts and tax increases now set for january 1st, and some smart money is starting to bet that the president and congress will find a way to avoid that fiscal cliff. stocks up this week in anticipation of a deal with the dow clocking five straight of g
. >>> and here at home it's time to work on the fiscal cliff. can both sides strike a bargain before everyone's tacks go up. we'll cover that with our headliners. senators dick durbin and lindsey graham. plus our powerhouse roundtable. matthew dowd, joe klein, ruth marcus, david sanger of "the new york times" and peggy noonan of "the wall street journal." >>> then ben affleck. >> you saw your parents killed? >> with war breaking out in congo,...
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Nov 29, 2012
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particularly if we fall off the fiscal cliff. the united states, the largest economy in the world, but yet we have the largest debt in the world. that's why the conversation needs to go to spending. what are we doing with all this money? unemployment, skyrocketing at 9%, but a slow-down in our gdp. >> sean: the real cliff is what you're saying, down the road, when it's $20 trillion in debt, when it's not $16 trillion. >> doesn't matter. say we put in place revenue to come in to the door, what are we going to do with it? >> sean: they've already spent it. >> that's so true. it's already spent. >> anytime they raise more taxes, more revenue coming in, they spend it. the beast of government is ravenous. they never cut back. you're exactly right, sean, the real fiscal cliff is when the laws of economics kick in, which they will inevitably do, they have to do, because it can't go on like this. you see the results of hitting the wall in greece, in spain, i3 italy. it will happen here. unlike the european countries, there's nobody to ba
particularly if we fall off the fiscal cliff. the united states, the largest economy in the world, but yet we have the largest debt in the world. that's why the conversation needs to go to spending. what are we doing with all this money? unemployment, skyrocketing at 9%, but a slow-down in our gdp. >> sean: the real cliff is what you're saying, down the road, when it's $20 trillion in debt, when it's not $16 trillion. >> doesn't matter. say we put in place revenue to come in to the...
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Nov 29, 2012
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congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st of the year. >> kicking the can, you look at markets today. you have global markets up. stock futures are up. the stock market was up yesterday because this whole idea of optimism from john boehner and the president that this could get done by the end of the year is something the world wants to see. you look at our polling. our polling shows, and the most recent poll from abc news/"washington post," 60% of people support raising tacks on incomes over $250,000 per year. isn't the argument of kicking the can down the road losing so
congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st...
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Nov 28, 2012
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not made in the heat of the fiscal cliff. not done in the closing days here, of a lame duck session. let's look at this thoughtfully and make sure at the end of the day medicare is going to survive and be stronger. but i think there is plenty of ground here for us to come together as democrats and republicans, the congress and the president, and avoid the worst parts of the fiscal cliff. >> okay, so what entitlements then? what would you put on the table? right now it's been the narrative is kind of republicans will put taxes on the table, democrats will put entitlements on the table. and i talked to a couple people that say everything's on the table then they start ticking off all the things that are not on the table, excuse me, so what's on your table that's an entitlement that you'd be willing to negotiate before we fall off the cliff? >> of course. and the social security is a separate thing. it does not add a penny to the debt. we should deal with this long-term survival and solvency, and we can do that in a separate set
not made in the heat of the fiscal cliff. not done in the closing days here, of a lame duck session. let's look at this thoughtfully and make sure at the end of the day medicare is going to survive and be stronger. but i think there is plenty of ground here for us to come together as democrats and republicans, the congress and the president, and avoid the worst parts of the fiscal cliff. >> okay, so what entitlements then? what would you put on the table? right now it's been the narrative...
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and that needs to be remembered when we're talking about the fiscal cliff. now, women really are, in fact, bearing the primary burden of all of these cuts. and so what we're saying is, let's don't engage in these cuts. let's have an aggressive jobs policy, put people to work, bring more money into the federal treasury, and lower the deficit that way. and, obviously, tax the millionaires and billionaires fairly for the first time in 30 years. >> right. >> so, terry, aggressive jobs program. great. that's the third way. president obama submitted to congress the american jobs act last september. so are you suggesting -- are you suggesting that that bill be passed? are you suggesting that it be reworked, junked and recreated? the second part of that question is, what are you going to do? what is now going to do to ensure that it gets passed? >> i would really much rather representative john connier's jobs bill be passed. it's much more aggressive. january ja cow ski also has a wonderful jobs bill. president obama's is much more modst. but it does lead us beginni
and that needs to be remembered when we're talking about the fiscal cliff. now, women really are, in fact, bearing the primary burden of all of these cuts. and so what we're saying is, let's don't engage in these cuts. let's have an aggressive jobs policy, put people to work, bring more money into the federal treasury, and lower the deficit that way. and, obviously, tax the millionaires and billionaires fairly for the first time in 30 years. >> right. >> so, terry, aggressive jobs...
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Nov 27, 2012
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you've been talking about the fiscal cliff. the high-level negotiations ramping up as both sides of the aisle trying to reach some kind of deal before your taxes go up january 1st. and they will go up if there's no deal. we're going to talk to the people at the center of the discussions right now. pennsylvania senator pat toomey. maryland congressman chris van hollen. they were on the super committee that failed to reach a deal a year ago. and utah senator mike lee. plus u.n. ambassador susan rice meeting with three of her sharpest critics today on capitol hill to explain her description of the benghazi attack. could this remove the opposition to her possible cabinet nomination? could that be pommes coming as early as this week? and i hear we have a special guest coming. n nascar's danica patrick is going from the racetrack to the virtual world of video games. danica patrick is going to be here. >> i'd like to race in her car. >> yeah, yeah. >> can you pull that off for me? >> i'll see what i can do. i'll put in a good word for
you've been talking about the fiscal cliff. the high-level negotiations ramping up as both sides of the aisle trying to reach some kind of deal before your taxes go up january 1st. and they will go up if there's no deal. we're going to talk to the people at the center of the discussions right now. pennsylvania senator pat toomey. maryland congressman chris van hollen. they were on the super committee that failed to reach a deal a year ago. and utah senator mike lee. plus u.n. ambassador susan...
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Nov 26, 2012
11/12
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and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul steinhauser, he is live in washington for us this morning. nice to see you, paul. so falling off the fiscal cliff means severe spending cuts and tax hikes, automatically kick in. so how worried are most americans? i understand you have some numbers for us. >> i do have more numbers from that new cnn/orc national poll. americans are concerned about how it will affect them directly. almost four in ten said if the country falls off the fiscal cliff they will be impacted a great deal. or somewhat. look at this. another four in ten say somewhat. only about
and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul...
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Nov 29, 2012
11/12
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so from that perspective in a country that has a fiscal cliff in front of us, why would we -- from a money perspective -- get involved in bringing them back here? but there's a lot more to it than that. megyn: there is some speculation that she may be -- apparently, reportedly she ordered this report a long time ago, years ago, and it's just now being released. why is that? she's going to use the $114 million we spend on gitmo as an argument that, look, it needs to go, we shouldn't be spending that $114 million, but i want to talk to you about your concern because the house of representatives has said we're not going to provide the funding to bring those detainees back on american soil. that's why she's referring to political will. but there's no guarantee these republicans are going to hold on to control of the house come the next midterm election, and what is the argument against having them here separate and apart from the money? >> well, this is not an unprecedented situation. we have terrorists in the u.s. here. one of them is a guy named oscar lopez ri varian ro who killed -- w
so from that perspective in a country that has a fiscal cliff in front of us, why would we -- from a money perspective -- get involved in bringing them back here? but there's a lot more to it than that. megyn: there is some speculation that she may be -- apparently, reportedly she ordered this report a long time ago, years ago, and it's just now being released. why is that? she's going to use the $114 million we spend on gitmo as an argument that, look, it needs to go, we shouldn't be spending...
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Nov 26, 2012
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we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will get done. >> let's talk about grover norquist for just a bit, paul. so most americans want taxes raised on the wealthiest americans. we just saw your poll there that 45% of americans would blame republicans if there's no compromise reached to avoid this fiscal cliff. so why is grover norquist still so powerful? why does any republican care? >> well, this pledge has been around for 25 years. that's a long time. it stood through a lot of different crises. take, for instance, saxby chambliss and lindsey graham. both up for re-election in
we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will...
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Nov 28, 2012
11/12
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nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when you said if the bush tax cuts expire every proposal will be a tax cut proposal and the norquist pledge will no longer keep republicans boxed in and unable to compromise. which would seem to be good news for republicans. what do you make of john boehner's statement saying bad idea? >> well, first of all, i respect representative cole for saying the obvious, that there is no need to hold 98% of our middle-class families and 97% of our small businesses hostage just in order to protect the wealthiest americans. that this fiscal cliff that we are facing can be resolved very quickly if we pass a bill to extend the tax cuts for those people. i r
nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when you said if the bush tax cuts expire every proposal will be a tax cut...
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Nov 27, 2012
11/12
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the fiscal cliff is a bluff. now, defaulting on the debt, that's something real. you could spark some global financial crisis. but the fiscal cliff, people are going to wake up january 2nd, 3rd, 4th, 5th, and nothing substantial will have changed. because these are cuts that are phased in, it'll take a long time for the withholding to start hitting people's paychecks, and even after withholding starts hitting people's paychecks, you're not going to see an immediate change in spending that would have some type of immediate and cataclysmic effect on the economy. what does immediately change is december you have the bush tax rates in effect. january, you have the clinton tax rates in effect. democrats are better off negotiating from the clinton rates and then they're saying, okay, look, here are the rates, we're going to bring this down, we're going to bring this down. we're going to leave these how they are. how would you like to vote for this? are you going to oppose this? and people didn't really vote for compromise necessarily this election. they overwhelmingly e
the fiscal cliff is a bluff. now, defaulting on the debt, that's something real. you could spark some global financial crisis. but the fiscal cliff, people are going to wake up january 2nd, 3rd, 4th, 5th, and nothing substantial will have changed. because these are cuts that are phased in, it'll take a long time for the withholding to start hitting people's paychecks, and even after withholding starts hitting people's paychecks, you're not going to see an immediate change in spending that would...
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Nov 26, 2012
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pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying is, this is not about pledges. let's not allow for the tail to wag the dog. this is not about a pledge. this is about finding a solution. let's not be boxed in. let's have the ability to be creative, think outside the box. and come up with a solution that works for america. and i think they're getting sick of being held to pledge here, pledge there. you know, it's almost like read my lips. no new pledges. >> let me just read the pledge, so people know what we're talking about here. it says, number one, oppose all efforts to increase the marginal tax rates for individu
pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying...
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Nov 26, 2012
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they're worried about the fiscal cliff. their taxes are going to go up so the heavy lifters in this economy, which are the affluent, aren't going to spend this year. that's bad. >> talk about warren buffett, always willing to stir the pot. op-ed in the "new york times" this morning, he says that the rich pay a lower tax rate on their incomes than the middle class does. it's a point he's made before. as robert frank points out, what mr. buffett does not mention is that, on average, very few americans actually pay their official tax rate. >> that's right. we're going to get into this a lot more on "street signs." people can read it on cnbc.com today. the other important point to make on this, it is just not a lot of money and it is not a lot of people. it is sort of a minor problem in the grand scheme of the economy. it is really about .1% of the taxpayers and it's maybe $5 billion to $10 billion a year. relative to a $1 trillion deficit -- not saying it's nothing, but it's just such a tiny amount -- >> people at his income l
they're worried about the fiscal cliff. their taxes are going to go up so the heavy lifters in this economy, which are the affluent, aren't going to spend this year. that's bad. >> talk about warren buffett, always willing to stir the pot. op-ed in the "new york times" this morning, he says that the rich pay a lower tax rate on their incomes than the middle class does. it's a point he's made before. as robert frank points out, what mr. buffett does not mention is that, on...